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Hong Kong went from electric vehicle ‘beacon city’ to a complete stop of EV sales last month

Tesla CEO Elon Musk once described Hong Kong as a “beacon city for electric vehicles” due to its extremely high rate of EV adoption. He might have as well called it a “beacon city for Tesla” since most of those vehicles were Tesla’s, which held over 80% market share in Hong Kong’s EV market.

Now that EV market consisted of literally zero new registration last month – hardly a “beacon city” anymore. more…